What does that tell us about government priorities?

Nothing good, I'm afraid.

I used to gloat about the way their pyramid scams collapsed just as every Friedmaniac in Denmark was orgiastically praising Iceland for being forward-looking and "reform" friendly. But runs on food stores kinda puts a dent in my schadenfreüde.

(Funnily enough, Iceland pretty much disappeared from the Danish press when they went belly-up - the boom was newsworthy, but apparently the bust wasn't.)

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.